Award-winning law firm Pearson Solicitors and Financial Advisers reports an 鈥榓mazing record year鈥� and looks set for further growth in 2024/25.
Revenue growth at the North West firm has increased to over 拢5.6million and the firm boasts its best year ever, with overall profits up a record 44%, the highest they have ever been.
The legal firm, with offices in North Manchester, Oldham, Milnrow, and Failsworth, employs 84 staff and is a multi-service law firm, with a bespoke commercial team working with many national businesses and North West SMEs.
This year Pearson acquired local law firm Sarah Dixon & Co in Milnrow, bringing on board all staff members and expanding legal services into the Rochdale area.
鈥淭hese are impressive results and the culmination of a year of hard work and dedication by our teams who strive to deliver exceptional service and value to our clients,鈥� said Director and Practice Manager, Joanne Ormston.
鈥淚 am so pleased that whilst we have expanded our services into new areas, we have been able to record positive growth and maintain a robust profitability margin, reflecting effective cost management and strong client relationships,鈥� added Joanne.
COMMERCIAL GROWTH
Strong performance in the past financial year has been achieved by the Commercial Property, Employment law, Personal Injury, and Corporate Commercial departments, with growth of over 50% across all areas. Family legal services have also seen accelerated growth, with the family team providing pension and financial advice in more high-net-worth divorce cases.
Client satisfaction has also been a big part of the results with positive feedback and favourable 5-star reviews across major review platforms.
AWARDS and ACCREDITATIONS
The firm also achieved Legal 500 ranking as a 鈥楲eading Law Firm鈥� with its employment department being recognised in both the employer and employee categories.
Additionally, Pearson Solicitors were successful at the Oldham Business Awards, winning the 鈥楽upporting Young People鈥� category and being shortlisted in the Manchester Legal Awards.
There has been an emphasis on staff development over the past year and several initiatives have been introduced to improve the work/life balance and the mental health of employees. A well-being survey was undertaken, the findings of which have resulted in a 鈥楳entoring Programme鈥� and a 鈥楥osta Club鈥� being set up where colleagues can have timeout together to share experiences and chat through any issues or concerns.
Commenting on the results, Director and Head of Commercial Litigation, Christopher Burke added:
鈥淥ur focus on providing tailored solutions and achieving favourable outcomes for our clients has been instrumental in driving forward our business and maintaining strong client relationships."
鈥淟ooking ahead our plan is to grow strategically and maintain the momentum of our consecutive year on year growth with a developing national client base. We plan to invest in our staff and our buildings and are excited about the opportunities ahead confident that we have a great team in place to deliver them."